嘉友国际物流股份有限公司 2018 年第三季度报告 公司代码：603871 公司简称：嘉友国际 嘉友国际物流股份有限公司 2018 年第三季度报告 1 / 21 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 10 | 嘉友国际物流股份有限公司 2018 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人韩景华、主管会计工作负责人周立军及会计机构负责人（会计主管人员）周立军 保证季度报告中财务报表的真实、准确、完整。 加权平均净资产收益率、基本每股收益、稀释每股收益三项指标按加权平均法计算，本报告 期按2018年1月-9月总股本加权平均计算，上年同期按照2017年1月-9月总股本加权平均计算。 非经常性损益项目和金额 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,893,299,917.47, representing a 32.13% increase compared to CNY 1,432,876,061.01 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was CNY 139,653,643.69, up 23.21% from CNY 113,342,837.79 in the previous year[19]. - The net cash flow from operating activities reached CNY 106,425,382.38, a significant recovery from a negative cash flow of CNY -863,296.14 in the same period last year[19]. - Basic earnings per share decreased by 29.81% to CNY 1.3258 from CNY 1.8890 in the same period last year[20]. - The weighted average return on equity dropped by 14.67 percentage points to 12.05% from 26.72% in the previous year[20]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2018, representing a year-over-year growth of 25%[80]. - The company provided a positive outlook for the second half of 2018, projecting a revenue growth of 20% to 30%[80]. Asset and Equity Growth - The total assets increased by 119.47% to CNY 1,962,723,843.82 compared to CNY 894,303,277.00 at the end of the previous year[19]. - The net assets attributable to shareholders rose by 152.17% to CNY 1,446,642,456.07 from CNY 573,686,812.38 at the end of the previous year[19]. - Cash and cash equivalents increased by 112.71% to ¥881,608,665.38, primarily due to funds raised from financing activities[62]. - The total equity attributable to the parent company at the end of the period was ¥1,447,751,881.47, reflecting an increase from the previous period[137]. - The total owner's equity increased to CNY 1,203,288,263.04 by the end of the reporting period[143]. Logistics and Market Operations - The company operates in over 60 countries, focusing on cross-border logistics services along the Belt and Road Initiative, particularly in China, Mongolia, Central Asia, and Africa[25]. - The company’s cross-border multimodal transport services include logistics consulting, cargo transportation, and destination delivery[27]. - The company focuses on cross-border comprehensive logistics services, leveraging its strategic positioning in key logistics channels[41]. - The logistics industry is crucial for national economic development, with a significant impact on production and consumption[29]. - The company aims to enhance global cooperation by integrating sea, land, air, and rail transport services[25]. Strategic Initiatives and Investments - The company plans to establish an e-commerce platform in the Tianjin Free Trade Zone to improve efficiency and reduce costs[54]. - The company is considering strategic acquisitions to enhance its logistics capabilities, with a budget of 500 million RMB earmarked for potential deals[80]. - The company plans to establish a wholly-owned subsidiary in Singapore with a registered capital of $5 million for international logistics operations[64]. - The company signed a five-year framework agreement to supply 3 million tons of main coking coal and 1 million tons of 1/3 coking coal annually with partners[55]. - The acquisition of Shanghai Fengyue International Logistics Co., Ltd. aims to enhance logistics capabilities in the African market[56]. Risk Management and Compliance - The company faces potential risks in overseas market expansion due to regulatory compliance, management talent shortages, exchange rate fluctuations, and political relations between trade countries[70]. - The company is actively monitoring and managing risks associated with its business operations in a competitive and regulatory environment[69]. - The company has acknowledged the potential impact of adverse changes in the operating conditions of its major clients on its performance[71]. - The company is exposed to market competition risks as the logistics industry in China becomes increasingly competitive due to globalization and the entry of various logistics enterprises[69]. Financial Management and Cash Flow - The company has implemented cash management proposals using idle funds, reflecting a strategy to optimize financial resources[73]. - The net cash flow from financing activities was ¥734,632,120.00, with cash inflows totaling ¥786,603,773.61 and outflows of ¥51,971,653.61[133]. - The company reported a significant increase in cash received from investment recoveries, totaling ¥2,108,313,828.83, compared to ¥64,303,910.10 in the previous period[129]. - The company’s financial expenses showed a significant improvement, with a gain of ¥5,037,393.16 compared to a loss of ¥1,228,028.83 in the previous period[125]. Shareholder and Capital Structure - The company distributed a cash dividend of RMB 5 per 10 shares, totaling RMB 40 million, and increased its share capital by 4 shares for every 10 shares held[95]. - The total share capital increased from 80 million shares to 112 million shares after the capital reserve conversion[95]. - The top five customers accounted for 55.83% of the total revenue from cross-border multimodal logistics in the first half of 2018, indicating a high customer concentration risk[71]. - The company has committed to not transferring or managing its shares for 36 months post-IPO, ensuring stability in shareholding[77]. Technological Advancements - The company has established a professional technology R&D team to integrate advanced internet and IoT technologies into traditional logistics practices[25]. - A new logistics technology platform is set to launch in Q4 2018, expected to improve operational efficiency by 15%[80]. - The company is investing heavily in technology development, with a budget of 300 million RMB allocated for R&D in 2018[80]. Compliance and Accounting Practices - The company follows the Chinese Accounting Standards, ensuring the financial reports are true and complete[151]. - The financial statements are prepared based on the principle of ongoing concern, reflecting the company's financial status accurately[151]. - The company disposes of subsidiaries or businesses, with income, expenses, and profits included in the consolidated profit statement from the beginning of the reporting period until the disposal date[160].

嘉友国际物流股份有限公司 2018 年第一季度报告 公司代码：603871 公司简称：嘉友国际 嘉友国际物流股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 嘉友国际物流股份有限公司 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：股 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | | | | | | 1,940,537,054.37 | 894,303,277.00 | 116.99 | | 归属于上市公司 | 1,403,903,741.83 | 573,686,812.38 | 144.72 | | 股东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的 现金流量净额 | 8,106,799.8 ...

Financial Performance - The company's operating revenue for 2017 was CNY 3,244,249,333.51, representing a 239.03% increase compared to CNY 956,915,545.82 in 2016[24] - The net profit attributable to shareholders of the listed company was CNY 206,220,575.83, an increase of 41.47% from CNY 145,766,806.65 in the previous year[24] - The net profit after deducting non-recurring gains and losses was CNY 203,331,623.33, up 38.99% from CNY 146,288,359.07 in 2016[24] - The net cash flow from operating activities was CNY 204,756,663.12, an increase of 11.62% compared to CNY 183,435,862.86 in 2016[24] - The total assets at the end of 2017 were CNY 894,303,277.00, a 24.68% increase from CNY 717,274,129.31 at the end of 2016[24] - The net assets attributable to shareholders of the listed company increased by 56.12% to CNY 573,686,812.38 from CNY 367,466,236.55 in 2016[24] - The basic earnings per share for 2017 was RMB 3.4370, an increase of 41.48% compared to RMB 2.4294 in 2016[26] - Net profit attributable to shareholders increased by RMB 60.45 million, a growth of 41.47%, driven by the organic development of cross-border multimodal transport and supply chain services[27] - Operating cash flow net amount increased by RMB 21.32 million, a growth of 11.62%, primarily due to significant revenue growth[27] - Total assets increased by RMB 177.03 million, a growth of 24.68%, influenced by the overall increase in revenue and asset indicators[27] - The company reported a weighted average return on equity of 43.82%, up by 2.27 percentage points from 41.55% in the previous year[26] Revenue and Cost Structure - Revenue for the year increased by RMB 2.287 billion, a growth of 239.03%, mainly due to rapid growth in supply chain trade revenue[27] - The operating costs rose to CNY 2,938,350,154.35, reflecting a significant increase of 293.81% compared to the previous year[55] - The gross profit margin for the cross-border multimodal transport business decreased by 1.38 percentage points to 39.39%[57] - The company’s supply chain trade service revenue saw substantial growth due to increased demand for high-quality coking coal imports from Mongolia[51] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 5 per 10 shares, totaling CNY 40 million, and to increase capital by 4 shares for every 10 shares held[5] - In 2017, the company's net profit attributable to shareholders was 206.22 million RMB, with a cash dividend payout ratio of 19.40%[94] - The company has implemented a cash dividend policy that requires a minimum of 20% of distributable profits to be paid out as cash dividends when conditions are met[92] Market and Industry Context - The company operates in over 20 countries along the "Belt and Road" initiative, focusing on cross-border multimodal transport and supply chain trade services[34] - The logistics industry in China is experiencing continuous improvement in infrastructure, facilitating the growth of logistics enterprises[42] - The logistics industry in China is benefiting from the "Belt and Road" initiative, with significant growth potential in trade cooperation with neighboring countries[77] - The total social logistics expenditure in China reached CNY 12.1 trillion, a year-on-year increase of 9.2%, with transportation costs amounting to CNY 6.6 trillion, growing by 10.9%[40] - The total social logistics volume in 2017 was CNY 252.8 trillion, reflecting a growth rate of 6.7% compared to the previous year, indicating a stable upward trend in logistics demand[39] Operational Efficiency and Technology - The company has implemented advanced technology and information management systems, resulting in improved operational efficiency and reduced costs[47] - The company has established bonded warehouses and regulatory sites in key locations, enhancing its competitive advantage in providing comprehensive logistics services[45] - The company has implemented a unified pricing policy for direct customers and international freight forwarders, ensuring consistent service delivery[35] Risk Factors and Compliance - The report includes forward-looking statements that may differ significantly from actual future results due to various factors[6] - The company is facing risks related to market competition, particularly in the logistics sector, which has become increasingly intense due to globalization and trade growth[82] - The company has accumulated overseas operational experience in over 20 countries along the "Belt and Road" initiative, but faces potential risks in expanding its international business due to regulatory and political factors[83] - The company has not faced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[110] Corporate Governance and Management - The company has a lock-up period of 36 months for certain shareholders, during which they cannot transfer or manage their shares[95] - The company emphasizes compliance with relevant laws and regulations regarding share transfers[99] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 6.264 million yuan[147] - The company has established a performance evaluation mechanism for senior management, combining annual and quarterly assessments based on performance and safety responsibilities[162] Research and Development - The total R&D expenditure for the period was CNY 12,236,731.05, accounting for 0.38% of the operating revenue[65] - The number of R&D personnel was 27, representing 7.8% of the total workforce[65] Financial Stability and Assets - The company's total assets at the end of the period were CNY 893,000,000, with cash and cash equivalents increasing by 82.97% to CNY 414,457,931.63[68] - The company's net profit from continuing operations for the current year is CNY 205,890,532.33, compared to CNY 145,294,288.58 in the previous year, representing an increase of approximately 41.7%[105] - The total equity attributable to the parent company at the end of the period is CNY 574,865,311.00, an increase from CNY 368,974,778.67 at the end of the previous year, representing a growth of approximately 55.8%[198]